The two recently signed a corresponding partnership framework agreement, Zhejiang Zhenyuan announced.

The parties will set up the joint venture for JD.Com's warehouse in the southeastern economic powerhouse province using the logistics assets of Zhejiang Zhenyuan. JD.Com will complete its due diligence and capital injection within six months to become the controlling shareholder in the JV, per the announcement.

JD.Com will also help Zhejiang Zhenyuan scale up its warehousing and logistics, business-to-business, business-to-consumer and online-to-offline capacity by leveraging its e-commerce management technologies.

The partners will further collaborate in commercial logistics based on value supply chain projects and will operate with independent cost accounting and revenue sharing, the announcement stated.

JD.Com has gradually scaled up its efforts in this field in recent years, and this year plans to build smart distribution centers for medications in seven major regions of China, including Beijing, Shaanxi, Jiangsu and Guangdong in addition to Zhejiang, the announcement related.